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Bitcoin is fundamentally worse for international money transfers - you can't do much with the currency itself, so you end up having to make two currency exchang
by joosters 10y ago
Bitcoin is fundamentally worse for international money transfers - you can't do much with the currency itself, so you end up having to make two currency exchanges instead of one. That's not a way to make FX cheaper.
- ChemicalWarfare 10y agocompared to western union fees and timelines - much cheaper and faster (well, assuming a "normal" ~10 min cycle for 1 confirmation) even with having to buy/sell bitcoin on both ends of the tx.